Insurance quote for Lexus RX 350 in Colorado SpringsExpensive car insurance in Colorado Springs can stress out your bank account, especially in this economy. Doing a price comparison is recommended to make sure you're not throwing money away.

Unimaginable but true, the vast majority of car insurance customers kept their coverage with the same car insurance company for four years or more, and practically 40% of car insurance customers have never compared rates with other companies. With the average premium in Colorado being $1,800, drivers could save nearly $600 each year, but they just assume it takes a lot of time to find cheap insurance by shopping around. Multiple auto insurance companies compete to insure your vehicles, and it can be difficult to compare rates to get the cheapest price on Lexus RX 350 insurance in Colorado Springs.

How to buy Lexus RX 350 insurance online

Finding low cost Lexus RX 350 car insurance prices is pretty simple and can save money. The only thing you need to do is spend a few minutes on the computer comparing rates provided by online insurance companies.

Comparing price quotes online is fast and free, and it makes it a waste of time to call or drive to different Colorado Springs agent offices. Comparing Lexus RX 350 insurance rates online eliminates the need for an insurance agent unless your situation requires the advice and guidance of a local Colorado Springs agent. Although, it is possible comparison shop your insurance online and still use a local agent.

The companies in the list below are ready to provide comparison quotes in Colorado. If more than one company is shown, it's highly recommended you visit two to three different companies to get the best price comparison.

Lexus RX 350 Insurance Costs in Colorado Springs, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RX 350 2WD $292 $614 $374 $22 $112 $1,414 $118
RX 350 4WD $182 $382 $416 $24 $124 $1,128 $94
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Data based on married female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, safe-driver, and multi-vehicle. Rate quotes do not factor in your specific Colorado Springs location which can modify price quotes significantly.

Higher deductibles lower rates

One of the most common auto insurance questions is which deductible level should you buy. The comparisons below lay out the price difference between low and high comp and collision deductibles. The first set of rates uses a $100 deductible for comp and collision and the second price table uses a $1,000 deductible.

Lexus RX 350 insurance premium estimates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RX 350 2WD $380 $740 $396 $24 $118 $1,683 $140
RX 350 4WD $380 $740 $396 $24 $118 $1,683 $140
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Lexus RX 350 insurance premium estimates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RX 350 2WD $210 $390 $396 $24 $118 $1,138 $95
RX 350 4WD $210 $390 $396 $24 $118 $1,138 $95
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Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, multi-policy, and homeowner. Prices do not factor in the specific area where the vehicle is garaged which can revise insurance rates noticeably.

Based on these figures, using a $100 deductible will cost in the ballpark of $45 more each month or $540 a year than buying the higher $1,000 deductible. Since you would have to pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you tend to average more than 20 months between claims, you would save money if you decide on a higher deductible.

Irresponsible driving raises your rates

The illustration below demonstrates how speeding tickets and at-fault fender-benders can influence Lexus RX 350 car insurance rates for different age categories. The prices are based on a married male driver, comprehensive and collision coverage, $500 deductibles, and no additional discounts are factored in.

Full coverage versus liability only rates

The illustration below shows the comparison of Lexus RX 350 premium costs with full physical damage coverage compared to only buying liability only. The costs are based on no violations or accidents, $250 deductibles, married male driver, and no additional discounts are factored in.

Should you pay for full coverage or liability only?

There is no set guideline of when to stop paying for physical damage coverage on your policy, but there is a general school of thought. If the annual cost of coverage is about 10% or more of any settlement you would receive from your insurance company, then it may be the right time to buy liability only.

For example, let's say your Lexus RX 350 settlement value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $5,000 after paying the physical damage deductible. If you are paying over $500 a year to have full coverage, then you might want to think about dropping full coverage.

There are a few cases where eliminating full coverage is not recommended. If you haven't paid off your loan, you have to maintain full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should maintain full coverage.

Get cheaper Lexus RX 350 insurance rates in Colorado Springs

Car insurance is easily one of your largest bills, but there could be available discounts that could help you make your next renewal payment. Some discounts apply automatically when you get a quote, but a few must be requested specifically before you get the savings.Discount car insurance

Don't be surprised that most of the big mark downs will not be given to the entire policy premium. Most only reduce the price of certain insurance coverages like physical damage coverage or medical payments. Despite the fact that it seems like all those discounts means the company will pay you, it's just not the way it works.

A few popular companies and some of the discounts can be read below.

When quoting, ask each insurance company to apply every possible discount. Some credits may not be available in your area. To view insurers with significant discounts in Colorado, click this link.

Auto insurance is available from local insurance agents

Some consumers just want to talk to a local agent and that is a personal choice. Agents can point out coverage gaps and help file insurance claims. An additional benefit of price shopping on the web is that you can obtain cheap rate quotes but also keep your business local. Buying from local agents is especially important in Colorado Springs.

Insurance agents in Colorado SpringsUpon completion of this short form, the quote information is transmitted to local insurance agents in Colorado Springs who will gladly provide quotes for your auto insurance coverage. It's much easier because you don't need to visit any agencies because prices are sent immediately to your email address. If for some reason you want to quote rates from a specific auto insurance provider, don't hesitate to search and find their rate quote page and complete a quote there.

When narrowing the list to find a local agent, it's helpful to know the different types of agents and how they operate. Agents can be categorized as either independent agents or exclusive agents. Both can insure your vehicles, but it's important to point out the difference between them because it can impact the type of agent you choose.

Independent Auto Insurance Agencies or Brokers

These type of agents do not have single company limitations so they can quote policies through many different auto insurance companies and get the cheapest rates. To move your coverage to a new company, they can switch companies in-house and that require little work on your part. When comparison shopping, we recommend you compare quotes from at a minimum one independent agency in order to compare the most rates.

Below are independent insurance agencies in Colorado Springs who may be able to give you comparison quotes.

3630 Sinton Rd # 200 - Colorado Springs, CO 80907 - (719) 590-9990 - View Map

1880 Dublin Blvd # C - Colorado Springs, CO 80918 - (719) 528-1555 - View Map

4390 Academy Blvd N - Colorado Springs, CO 80918 - (719) 329-4441 - View Map

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Exclusive Insurance Agencies

Exclusive agents work for only one company such as State Farm, Allstate, and Farm Bureau. Exclusive agents are unable to place coverage with different providers so they have to upsell other benefits. Exclusive agents are usually well trained on their company's products and that enables them to sell even at higher rates.

The following is a list of exclusive agents in Colorado Springs that are able to give price quote information.

3225 Templeton Gap Rd Ste 104 - Colorado Springs, CO 80907 - (719) 636-3336 - View Map

8027 Academy Blvd N - Colorado Springs, CO 80920 - (719) 594-4500 - View Map

Larry Lucero - State Farm Insurance Agent
5225 Academy Blvd N #108 - Colorado Springs, CO 80918 - (719) 599-8661 - View Map

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Selecting an insurance agent is decision based upon more than just a cheap price quote. Agents should be asked these questions:

If you feel you receive reasonable responses to these questions and an affordable coverage quote, you may have just found a car insurance agent that can properly service your auto insurance policy.

Insurance can be complex

When buying the best insurance coverage, there really isn't a one size fits all plan. Every situation is different so your insurance should reflect thatInsurance savings For instance, these questions might point out whether you might need professional guidance.

If you can't answer these questions but one or more may apply to you, then you may want to think about talking to an insurance agent. To find an agent in your area, fill out this quick form or go to this page to view a list of companies. It's fast, free and may give you better protection.

How Your RX 350 Insurance Costs are Determined

Part of the car insurance buying process is learning some of the things that aid in calculating the level of your policy premiums. If you understand what positively or negatively impacts your premiums, this allows you to make good choices that can earn you cheaper rates. Many different elements are taken into consideration when pricing auto insurance. A few of the factors are predictable such as your driving record, but others are more obscure such as your marital status or your financial responsibility.

Listed below are some of the most rate-impacting factors car insurance companies consider when setting your rate level.

Best reasons to buy auto insurance in Colorado

Despite the high cost of buying insurance for a Lexus RX 350 in Colorado Springs, auto insurance may be required and benefits you in several ways.

The benefits of buying enough insurance definitely exceed the price paid, specifically if you ever have a liability claim. On average, a vehicle owner in Colorado Springs is wasting up to $700 annually so it's important to compare rates each time the policy renews to be sure current rates are still competitive.

Smart consumers save more

Low-cost Lexus RX 350 insurance in Colorado Springs is definitely available both online and from local agencies, and you need to comparison shop both in order to have the best chance of saving money. Some insurance companies don't offer the ability to get a quote online and usually these small, regional companies provide coverage only through local independent agents.

In this article, we presented many tips how you can shop for Lexus RX 350 insurance online. The most important thing to understand is the more price quotes you have, the higher the chance of saving money. You may even discover the best premium rates are with some of the smallest insurance companies. Smaller companies may cover specific market segments cheaper than the large multi-state companies such as Allstate or State Farm.

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